In March 2023, Mubadala and Aldar Properties signed an agreement to jointly develop a state-of-the-art Grade A office tower on Al Maryah Island.

This venture will enhance Abu Dhabi's real estate landscape, reaffirming Aldar's leadership in the premium office market and demonstrating the commitment to advancing Abu Dhabi's real estate and financial sectors.

Set within the prestigious Abu Dhabi Global Market (ADGM), the 37-floor tower, with a net leasable area of 63,000 sqm, symbolizes a strategic step towards fulfilling the increasing demand for premium office space. This development capitalizes on the strong relationship between Aldar and Mubadala, building upon their historic cooperation and significant acquisitions within ADGM.

Upon completion in 2026, the tower will be managed by Aldar Investment Properties, potentially increasing its portfolio's net leasable area to over 2 million sqm - about twice the total floor space of the Pentagon - of commercial office space. The venture will significantly impact Abu Dhabi's real estate market, setting new benchmarks for office spaces and contributing to the Emirate's thriving international financial center.